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$2,199,000
Est. payment /mo
UPDATED:
12/05/2024 03:36 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 240014482SD
HOA Y/N No
Year Built 1940
Property Description
A developers dream! Multiple value add opportunities and strong existing income ($9,445 monthly gross income)! This site presents an increasingly rare urban infill opportunity to purchase a 7,018 SF lot, with (3) income generating residential units in the heart of San Diego's hippest neighborhood, North Park. This property sits within the complete communities area and has a FAR of 6.5. The maximum buildable square feet is 45,617 subject to official approval to allow a complete communities project at this site. Alternatively and due to being fully remodeled, the existing units attract phenomenal renters in the asset's existing condition. The property is gated from the alley and tenants have the option to close the gate on Illinois for additional privacy. It is turfed with pavers throughout and laundry on site in the back.
Location
State CA
County San Diego
Area 92116 - Normal Heights
Building/Complex Name NA
Zoning RM 3-8
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Pool Private
View Y/N No
Roof Type Composition
Private Pool Yes
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4461211900
Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA, VA Loan
Listing Terms Cash, Conventional, Cal Vet Loan, FHA, VA Loan
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Listed by Brendan Flynn • South Coast Commercial, Inc.
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Scott Woodburn
Real Estate Professional Knowledge Broker | License ID: 01185194
Real Estate Professional Knowledge Broker License ID: 01185194